AFC Energy enters MoU with Altaaqa Alternative Solutions to distribute its fuel cell systems in MENA

Altaaqa is a wholly owned member of the Zahid Group. RIYADH: AFC Energy signed a non-binding Memorandum of Understanding (MoU) with Altaaqa Alternative Solutions Company Limited with the intention of…

NNR April 1, 2021

MENA

Qatar Stock Exchange to launch listing & trading venue for SMEs

DOHA: Qatar Stock Exchange (QSE) will launch the QE Venture Market (QEVM), which will provide a listing and trading venue for SME’s that do not fulfil listing requirement of the…

NNR March 30, 2021

MENA

Injazat and Lamprell partner to accelerate digitalisation in the energy sector

DUBAI: Injazat the UAE's leader in digital transformation and Lamprell, a leading provider of services to the international energy sector, have announced the signing of a joint venture (JV) agreement…

NNR March 30, 2021

MENA

Doha Bank closes $500 million new bond issuance with strong investor demand

DOHA: Doha Bank, rated A by Fitch and Baa1 by Moody's, successfully completed a USD 500 million 5-year senior unsecured bond at a yield of 2.431% per annum, which is…

NNR March 28, 2021

MENA

BH Mubasher changes name to BHM Capital

Board of Directors and shareholders approve change of name to BHM Capital at annual general meeting DUBAI: BH Mubasher Financial Services, a leading company in the UAE’s financial market, held…

NNR March 28, 2021

MENA

GFH signs agreement with BHB, CBB to offer Murabaha service

MANAMA: GFH Financial Group (GFH) announced the signing of an agreement with Bahrain Bourse (BHB) and the Central Bank of Bahrain (CBB), which will allow the group to offer the Murabaha…

NNR March 24, 2021

MENA

Al Ramz appoints Amin El Kholy as Chief Executive Officer Asset Management

DUBAI: Al Ramz Corporation Investment and Development announced the appointment of Amin El Kholy as Chief Executive Officer of Asset Management. With over 25 years experience, Amin is a veteran…

NNR March 23, 2021

MENA

Qatar First Bank offloads its stake in CMRC Limited for $31.5 million

DOHA: Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity on Qatar Stock Exchange (QSE: QFBQ), has announced…

NNR March 21, 2021

MENA

Ian Dench resigns as CEO of Ooredoo

DOHA: Ooredoo Q.P.S.C. announced that Ooredoo Oman has accepted Mr. Ian Dench’s resignation from his post as Chief Executive Officer, effective 30th June 2021. The appointment of the new Ooredoo…

NNR March 21, 2021

MENA

Dubai Islamic Insurance & Reinsurance proposes first payout after 11 years

DUBAI: The Board of Dubai Islamic Insurance & Reinsurance Company (Aman) has proposed AMAN's first cash dividend distribution of 6% of net profit attributable to shareholders since 2011. The proposed…

NNR March 21, 2021

MENA

Fiber optic infrastructure subscribers of Partner Fiber exceeds 150k

ROSH HA'AYIN: Partner Communications Company, a leading Israeli communications operator, announced the number of "Partner Fiber" fiber optic infrastructure subscribers exceeded 150 thousand. Partner's infrastructure which is wholly owned by…

NNR March 14, 2021

MENA

DP World and CDPQ’s sign agreement with Maspion Group for a container port and industrial logistics park in East Java

Initial investment of $435 million in first phase over 24-month period DUBAI: DP World alongside its partner Caisse de dépôt et placement du Québec (CDPQ) signed a 35 year concession…

NNR March 8, 2021